Credit Suisse Getting The SVB

2023-03-17

Credit Suisse Getting The SVB Treatment From Investors AND Regulators

After spending a few days dealing with the banking disaster almost no one saw coming, investors and regulators on Wednesday turned their attention to the slow-motion banking disaster almost everyone saw coming.

In the wake of US regulators moving quickly to contain the contagion of the Silicon Valley Bank collapse by backstopping its deposits, their European counterparts were forced to confront a similar reality with perpetually-troubled lender Credit Suisse before coming to a similar conclusion. Credit Suisse announced Thursday morning it would borrow up to $54 billion from the Swiss central bank.

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Comments

JC888
2023-03-17
JC888
If CS fails its effect is worldwide as its an int'l bank. SVB has limited int'l presence no?
mel18
2023-03-17
mel18
horrible rich eat poor
Trader61
2023-03-17
Trader61
CS too big to fail…
Jason1616
2023-03-17
Jason1616
Thanks for sharing
Thonyaunn
2023-03-17
Thonyaunn
Gd
weteo
2023-03-17
weteo
ok

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